California lawmakers are crafting legislation to replenish the state’s wildfire fund as Southern California Edison’s liabilities stemming from the Eaton Fire threaten to wipe it out.
This pool of money was created in 2019 after PG&E filed for bankruptcy as it faced billions of dollars in liabilities from two years of devastating Northern California wildfires ignited by its equipment.
The wildfire fund is meant to help utilities avoid bankruptcy in the future by giving them something to draw on when they’re sued because their electrical equipment started a wildfire…